News

IMF warns about end of global economic system

Maurice Obstfeld, economic counsellor at the IMF, said: "The first shots in a potential trade war have now been fired.

"The multilateral rules-based trade system that evolved after World War II, and that nurtured unprecedented growth in the world, economy needs strengthening. Instead, it is in danger of being torn apart."

And just to brighten things up, the articles suggests that Germany could head into recession as well.

The FCA has written to MPs on the Work and Pensions select committee telling them that IFAs are not providing DB specialist firms with the right information to support pension transfers. The collective reputation of IFAs takes another knock.

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